PSX · COMMERCIAL BANKS · 30 Min
MEBL Inverse Head & Shoulders forming
Meezan Bank Limited · 21 Oct 2026 · 15:00 PKT
▲ Bullish Forming Chart pattern With the trend
Trade plan
- Close
- 548.50
- ▲ 0.46%
- Target
- 562.59
- +2.6%
- Invalidation
- —
- ATR
- 1.85
- Target
- Invalidation
- Pattern lines
- Fair value gap (bull / bear)
- Order block
- Strong / weak high and low
- BOS · CHoCHstructure breaks
SMC Structure · Order Blocks · FVG · Pattern Detector 30 Min candles · click to enlarge
The breakdown
MEBL has completed an inverse head & shoulders on the 30-minute chart with the head at 540.80 and the neckline at 550.46.
The pattern is confirmed by a 30-minute close above 550.83. The measured move from the neckline points to 562.59 (+2.2%). A close beyond the head at 540.80 cancels it.
Structure: bullish external, bullish internal (strong low 525.00). Nearest demand OB 527.00 - 534.80, supply OB 577.50 - 582.00.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing above the pattern at 548.50.
- 2 The target, 562.59 (+2.6%), is the pattern's height projected from the breakout.
- 3 Trend context: with the trend.
Pattern guide
About the inverse head and shoulders
An inverse head and shoulders is a bottoming pattern: three troughs with the middle one lowest, whose neckline break often starts an uptrend.
- Confirmation
- A close above the neckline.
- Target
- The depth from the head to the neckline, projected up from the break.
- Fails if
- A close back below the right shoulder or the neckline.